Critical Acclaim for MaxiFi

Maxifi Planner is a powerful budgeting platform with future-thinking analysis tools you'd usually only get with a financial planner.

MaxiFi Planner is designed to help individuals and families make smarter, more accurate financial decisions. It's a web-based app with an easy-to-use interface.

But others liken it to an annuity that provides free rent long after the house is paid off. This group includes economist Larry Kotlikoff, who was a guest on a recent webinar discussing reverse mortgages.

One recent convert is Laurence Kotlikoff, an economics professor at Boston University who's an expert on retirement planning.

MaxiFi will also make suggestions to help improve your money plan. These changes are intended to lower your tax bill, optimize your income and help correct your current spending habits.

Democratic presidential nominee Joe Biden's plan for Social Security includes increased benefits for low earners and more taxes for high-income individuals.

A recent analysis from MaxiFi, a personal financial planning platform, found that the more assets a retiree couple has, the more their discretionary spending will increase in retirement by downsizing their home.

I rarely promote products at my blog but I know that many of my readers are do-it-yourselfers and many have expressed interest in software tools. I have a lot of confidence in MaxiFi.

For starters, Kotlikoff said, investing in the stock market is highly risky, and the risk of a very large decline in your assets increases over time.

David Goldstein was terminated from his job as an environmental consultant and learned he had terminal bone cancer in the same week last November.

Trump's policies would jeopardize Social Security, report finds. 'Beyond irresponsible,' says one expert.

Caution: Read this column only if the idea of “running out of money” in your lifetime (with the exception of Social Security) keeps you awake at night! Relying on conventional financial planning could give you a 20 percent likelihood of that result.

Retirees can make their provisional income go up or down by changing how much they take each year in distributions from their retirement accounts.

If inflation doesn't drop back to where it was before the pandemic, nearly every American-rich or poor-will see their spending power diminished, a new working paper finds.

The need for financial planning guidance is vast, not limited to wealthy or high-income households. Colorado represents the many in the middle of the income distribution.

Each month, about 71 million Americans - retirees, disabled workers and others – receive checks from Social Security. But each year, about a million people get something else in the mail – a bill. They're told they owe the government money, sometimes tens of thousands of dollars, because the Social Security Administration miscalculated their benefits and paid them too much.

Filing for benefits before full retirement age is a gamble, say economists and financial advisers

Top economist and Wall Street gadfly Laurence J. Kotlikoff, PhD, believes that the way most of us go about planning our finances is all wrong.

Principles of economics-based financial planning provide an answer. Any change in taxes and benefits can be modeled and the effect, while measurable, is sensitive to the age and financial characteristics of the individual and the household.

Let's start with regret. Kotlikoff worries that people will regret retiring early and then coming up a few dollars short. That may be a mistake. But so would working an extra decade to pad the portfolio, only to find yourself among the half of people who stop needing any money prior to average life expectancy.

The Secure 2.0 Act gives savers 72 and under an extra year before you have to withdraw money from your retirement accounts. But just because you can postpone your required minimum distribution (RMD) doesn't mean you necessarily should, financial advisors say.

The National Bureau of Economic Research study found that Social Security beneficiaries are missing out on receiving nearly $200,000 by claiming too early.